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Tuesday, February 26th 2008

5:56 PM

Oil nears $101 a barrel with $4 A Gallon Expectation

Today, oil hit $100.88 a barrel, an all time high. Accordingly, oil companies hit a record $120 billion in profits last year. Diesel fuel sell on an average of $3.60 a gallon compared to $2.60 just a year ago. The price of oil has quadrupled since Bill Clinton office and voters turned the country over to oil men George Bush and Dick Cheney. The rubberstamp 109th Republican led Congress showered the oil companies with tax break while allowing then to rape the country. There's an expectation that gasoline will be $4 at the pump by summer. This, according to Bush regime is perfectly fine as there's nothing wrong with the "free market". This isn't by any stretch "free market". It isn't any more free market than it would be if one company controlled the water supply and charging $5 a gallon for drinking water while profiting  $120 billion a year. As the American jobs evaporate, more people losing their homes, wages stagnant, pensions eroding, people living of equity to survive, and the wealth of the country shifting to the very wealthy, it can only get worse with a government by the oil, for the oil, and with the oil robbing us blind.








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